KRS Capital Management LLC Buys 133 Shares of GE Vernova Inc. (NYSE:GEV)

KRS Capital Management LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEVFree Report) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,633 shares of the company’s stock after acquiring an additional 133 shares during the period. KRS Capital Management LLC’s holdings in GE Vernova were worth $537,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of GE Vernova in the second quarter worth $375,000. American Century Companies Inc. acquired a new position in shares of GE Vernova during the 2nd quarter worth about $4,940,000. Envestnet Asset Management Inc. acquired a new stake in shares of GE Vernova in the second quarter valued at about $45,674,000. Dimensional Fund Advisors LP bought a new stake in GE Vernova during the second quarter worth about $176,775,000. Finally, Mutual of America Capital Management LLC acquired a new position in GE Vernova during the second quarter valued at approximately $7,052,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GEV shares. Citigroup boosted their target price on shares of GE Vernova from $292.00 to $361.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $367.00 to $374.00 and gave the company an “overweight” rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on GE Vernova from $385.00 to $411.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Bank of America lifted their target price on GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price target on GE Vernova from $400.00 to $446.00 and gave the company a “buy” rating in a report on Thursday. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $321.35.

Read Our Latest Research Report on GEV

GE Vernova Stock Performance

Shares of NYSE:GEV traded up $10.84 during midday trading on Friday, hitting $401.84. 2,360,990 shares of the stock were exchanged, compared to its average volume of 2,430,212. The business’s 50-day moving average price is $343.37 and its 200 day moving average price is $262.08. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $404.13.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, December 20th.

GE Vernova announced that its Board of Directors has approved a stock repurchase plan on Tuesday, December 10th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 6.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

GE Vernova Profile

(Free Report)

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.

Featured Stories

Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

Receive News & Ratings for GE Vernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Vernova and related companies with MarketBeat.com's FREE daily email newsletter.